BM Technologies’ (BMTX) “Buy” Rating Reiterated at Chardan Capital

Chardan Capital reissued their buy rating on shares of BM Technologies (NYSE:BMTX) in a report issued on Monday morning, Benzinga reports. They currently have a $8.00 target price on the stock.

BM Technologies Price Performance

BMTX opened at $3.05 on Monday. The company has a fifty day moving average price of $1.76 and a 200-day moving average price of $2.09. The firm has a market capitalization of $36.78 million and a P/E ratio of -3.02. BM Technologies has a one year low of $1.41 and a one year high of $3.85.

BM Technologies (NYSE:BMTX) last announced its earnings results on Wednesday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.21. BM Technologies had a negative net margin of 19.78% and a negative return on equity of 33.46%. The company had revenue of $16.18 million during the quarter, compared to analyst estimates of $15.33 million. On average, analysts expect that BM Technologies will post -0.28 earnings per share for the current year.

Institutional Trading of BM Technologies

A hedge fund recently bought a new stake in BM Technologies stock. Landscape Capital Management L.L.C. acquired a new stake in shares of BM Technologies, Inc. (NYSE:BMTX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,869 shares of the company’s stock, valued at approximately $28,000. Landscape Capital Management L.L.C. owned about 0.12% of BM Technologies at the end of the most recent quarter. Institutional investors own 20.15% of the company’s stock.

About BM Technologies

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.